A redevelopment agreement would finalize the projects nearly $80 million tax-increment financing loan making it the largest TIF approval ever granted by the City of Omaha. Congress for the New Urbanism, Recent redevelopment design for a mall. Ballard Construction Company and E Smith Legacy Family of Corporations. Target owns its current location and will remain in place. THE MAYOR SAYS THIS NEW DEVELOPMENT WILL BENEFIT 72ND AND DODGE, WHICH THEY CALL THE SYMBOLIC CENTER OF OMAHA. Dennis is responsible for building relationships both internally and externally in order to achieve the mission of building relationships for success. Three different groups have their sights set on redeveloping Military Circle Mall. FORT DODGE, Iowa The state has awarded $17 million to redevelop the Crossroads Mall in Fort Dodge. The city of Fort Dodge was awarded a $17 million state grant Friday that will help pay for part of the redevelopment of the Crossroads Mall site into a diversified retail, service and. Now is the Time for Regional Mall Redevelopments That deal is expected to close by March 15. A 2016 plan to tear down the old Sears store, which is actually a separate property from the rest of the mall, fell apart after the company that then owned the mall, J. Herzog & Sons, of Denver, Colorado, objected to it. Hearst Television participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. OMAHA, Neb. (Target owns its own building on the east end of the mall property and has said before that it has no plans to move.). The Crossroads is being designed as a legacy quality, mixed use development that is planned to contain at least 1.5 million square feet of newly built environment for the people of Omaha to connect by residing, working, shopping, dining and playing. . The project team has seen a price escalation of 20% to 30% over the last year in some areas, and imports have generally slowed, which James said adds to the complexity of the project. Omaha, Nebraska There will be various public gathering areas throughout the development, which are likely to include a mix of hardscaped plazas, small pocket parks, outdoor dining areas, rooftop gardens and more if you look closely, you might even find a Peonies Park. At McClure, Erica hires and retains the best team members. The demolition job is the latest step in the redevelopment of the mall into a site called Corridor Plaza that will feature multiple buildings housing stores, offices and apartments. Dustin currently serves as Chief Executive Officer of McClure. This redevelopment project has allowed us to leverage our internal engineering resources to promote development opportunities that increase the ROI for all development partners. They announced Target will remain in its current location along with the 2,200-stall parking garage behind it.According to the news release, demolition of the mall will begin this fall and is expected to finish fall 2024.View renderings for the project below: Kelly Clarkson's Home Collection Is Up to 74% Off During Way Day Deals, The Best Wayfair Way Day Deals 2023 Starting at $30, Wayfair's Way Day Sale Includes Up to 60% Off Outdoor Furniture Here's What to Shop ASAP, Amazon Has So Many Good Mother's Day Gifts on Sale Right Now. It is becoming clear that our once cherished malls are in need of a re-think. Crossroads Plaza Development LLC is in the process of buying the rest of the mall from the New York companies for $3.3 million. Under the plan announced in 2019, Crossroads Plaza Development LLC bought the Sears property from Blessing Enterprises, of St. Charles, Missouri, for $1,435,000. The opportunity to reinvest in and revitalize the former Crossroads Mall is representative of the pride and belief in Fort Dodge as a vital, regional partner.